AT&T (NYSE: T), Lowe's (NYSE: LOW), and Macy's (NYSE: M) might all be excellent companies, but this video will pick just one to be the best dividend stock to buy right now. *Stock prices used were the afternoon prices of Mar.
Macy's Inc Chief Executive Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday and named insider Tony Spring as his successor. Spring, who has been with Macy's for 36 years and heads its upscale Bloomingdale's unit, is being elevated to ensure a smooth transition, the company said. The leadership change comes as Macy's and other department stores battle excess stock, forcing them to spend more on promotions and offer steeper discounts.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Macy’s following news that CEO Jeffrey Gennette will retire next year.